A Huntertown manufacturer is planning a $460,000 expansion that will create eight new jobs.
On Tuesday, Huntertown Town Council members approved the first step of a tax phase-in for AITF Services.
The tax break – a way that local government can entice new businesses or retain existing jobs – gradually phases in property taxes on new investment.
The company, at 14220 Plank St., plans to invest $160,000 in new equipment, $60,000 in information technology equipment and $300,000 to expand and renovate the plant.
AITF Services, founded in 1989, designs and builds automation equipment.
The company will retain 33 existing positions in addition to adding two positions for equipment assembly, two machinists and two tool-and-die makers as well as a bookkeeper and technician.
The new jobs will pay salaries ranging from $32,000 to $45,000, plus a comprehensive benefit package, according to the abatement application.
The phase-in will save the company about $36,800 over the next seven years.
Company officials have agreed to pay back 5 percent, or $1,870, to the county, which will be used for future economic development projects.
Last year, AITF grew by nearly 40 percent, with annual sales of $6 million, according to the companys application.